Norwegian Cruise Line (NCLH) Releases Q4 2018 Earnings Guidance

Norwegian Cruise Line (NASDAQ:NCLH) updated its fourth quarter 2018 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.78-0.78 for the period, compared to the Thomson Reuters consensus estimate of $0.80. Norwegian Cruise Line also updated its FY 2018 guidance to $4.85-4.85 EPS.

A number of analysts have issued reports on the stock. Deutsche Bank set a $68.00 price target on shares of Norwegian Cruise Line and gave the company a buy rating in a report on Friday. Macquarie upgraded shares of Norwegian Cruise Line from an underperform rating to a neutral rating and set a $55.00 target price on the stock in a report on Thursday, November 1st. BidaskClub downgraded shares of Norwegian Cruise Line from a sell rating to a strong sell rating in a report on Saturday, October 27th. JPMorgan Chase & Co. restated a buy rating on shares of Norwegian Cruise Line in a report on Thursday, October 11th. Finally, Nomura reduced their target price on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a buy rating on the stock in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Norwegian Cruise Line has an average rating of Buy and an average target price of $64.80.

Norwegian Cruise Line stock opened at $48.75 on Friday. Norwegian Cruise Line has a twelve month low of $41.61 and a twelve month high of $61.18.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, November 8th. The company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.06. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the firm earned $1.86 earnings per share. The business’s quarterly revenue was up 12.5% on a year-over-year basis.

In other news, CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $51.03, for a total value of $157,019.31. Following the sale, the chief executive officer now directly owns 304,398 shares in the company, valued at approximately $15,533,429.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 9,231 shares of company stock worth $488,443. Insiders own 0.98% of the company’s stock.

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Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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Earnings History and Estimates for Norwegian Cruise Line (NASDAQ:NCLH)

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